FranchiseVerdict
Great Clips logo
FV-01108·STRONGExcellent91

Great Clips

Personal Services - Beauty & SalonFranchising since 1983Website
Investment
$188K – $420K
34th pct Beauty & Salon
Avg revenue
$399K
16th pct Beauty & Salon
Royalty
6.0%
18th pct Beauty & Salon
Units
4,439
100th pct Beauty & Salon
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $188K – $420K including a $20K franchise fee, 6.0% ongoing royalty.
  • Average unit revenue of $399K/year (median $382K). Estimated payback in 3.7 years.
  • Rated STRONG with a risk score of 47/100. SBA loan default rate of 0.0% across 647 loans (below the industry average).
  • System growing at 30% CAGR over 3 years with 4439 total units — strong expansion trajectory.

Item 1 · who you're contracting with

The Franchisor

Legal entity
Great Clips, Inc.
Incorporated in
Minnesota
HQ
4400 West 78th Street, Suite 700, Minneapolis, MN 55435
Auditor
RSM US LLP
Audited financials
Franchisor revenue
$179.8M
vs $193.6M prior year

Yale framework · single-unit ROIC

Returns Analysis

Pulls Item 7 (investment) and Item 19 (revenue) from this brand's FDD into the Yale unlevered-ROIC formula. Override any input to stress-test it against your own assumptions.

The model · Yale framework

What would one Great Clips unit return on the cash you put in?

Revenue · per unit, per year
$
FDD Item 19 reports $399,179
Franchisor take · royalty + ad fund
Royaltytyp 68%
%
Ad fundtyp 35%
%
Operating costs · category default: personal services
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $188K–$420K
Working capital
$
FDD reports $20K–$60K

Unlevered ROIC · per unit

22%

Below typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$76K
EBITDA margin
19.0%
Total invested
$344K
Payback
54 mo
Unit-level only. A multi-unit portfolio gives up roughly 5–15% of this to shared services (corporate G&A) before reaching the ~10-unit break-even Yale describes.

Levered LBO scenario · Yale Crease Capital framing

What would 25 Great Clips units return on equity?

Edit assumptions

Equity IRR · 5-yr

49.9%

7.57× MOIC

Year-1 DSCR

1.88×

EBITDA ÷ debt service

Equity required

$958K

on $4.8M purchase

Total debt

$3.8M

SBA $2.4M + senior + seller note

Overview

About

Great Clips franchisees operate budget-focused hair salons providing quick haircuts, typically in high-traffic retail locations. Day-to-day operations involve scheduling appointments, managing 3-8 stylists, inventory control (shampoo, towels, tools), customer service, and maintaining brand standards for walk-in traffic predominantly from price-conscious customers seeking 20-30 minute haircuts.

CEO
Robert D. Goggins
Founded
1982
FDD year
2025
States available
51

Item 7 · what it costs

The Vitals

Total investment
$188K – $420K
All-in to open one unit
Liquid capital
$20K – $60K
Cash you must have on hand
Franchise fee
$20K
Royalty
6.0%
Gross Sales · typical 6–8%
Ad fund
5.0%
typical 3–5%
Total fee load
11.0%
vs 9–13% typical
Payback period
3.7 yrs
From v3 / Item 19

Item 19

Financial Performance

Avg gross sales
$399K
Per unit, per year
Median gross sales
$382K
Item 19 type
Average and Median Sales, Expenses, and Operating Cash Flow
Sample size
4147 units
vs category median 34 · large
Range (low → high)
$38K$1.1M
Cohort dispersion
Transparency
10 / 5
vs category median 4 / 5 · above
Revenue rank16th
vs Personal Services - Beauty & Salon peers
Investment cost rank34th
Lower investment ranks lower (better)
Royalty rate rank18th
Lower royalty = lower percentile (better)
Unit count rank100th
vs Personal Services - Beauty & Salon peers
Risk score rank12th
Lower risk = lower percentile (better)

Item 20 · unit dynamics

The Growth Chart

Total units
4,439
Opened
115
Last reporting year
Closed
98
Turnover rate
2.2%
Company-owned
0
Corporate units in the system
% franchised
100%
vs corporate-owned
Net growth (yr3)
+0.3%
Net unit change last year
3-yr CAGR
+0.3%
Compounded over last 3 years
2023
4,439+12
Franchised units
2024
4,427
Franchised units
2025
4,427
Franchised units

Year-over-year franchised unit counts and net change. Source: FDD Item 20.

Item 20 · 10 states with active franchisees

The Territory Map

Derived from franchisee contact records. Shows states with at least one current operator — not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).

AK
ME
VT
NH
MA
RI
CT
NY
NJ
PA
DE
MD
DC
WA
OR
CA
NV
ID
MT
WY
UT
CO
AZ
NM
ND
SD
NE
KS
OK
TX
MN
IA
MO
AR
LA
WI
IL
MS
TN
MI
IN
KY
AL
OH
WV
GA
VA
NC
SC
FL
HI
Available · 10 states
Not registered

States derived from franchisee phone area codes (Item 20). Approximate — ported numbers may show the original state, not the franchisee's current location.

Government records

SBA Loan Data

Aggregated from SBA 7(a) loan disclosures, public data unique to FranchiseVerdict.

Total loans
647
Loan volume
Avg loan
Default rate
0.0%
vs <3% typical · system-wide
5-yr default

FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17

Risk & Legal

47
Risk · 0-100
STRONG47 / 100

Great Clips presents moderate-to-cautionary risk: a mature, stagnant franchise system with unverified financials, thin margins, and limited growth prospects despite stable brand recognition.

Score breakdown · what drove the 47 / 100 rating

  1. 01MINORSystem stagnation: 4,439 units with only 0.3% YoY growth indicates mature/declining market with minimal expansion opportunity
  2. 02MINORNo Item 19 financial disclosure: Average revenue of $399,179 and net income of $82,637 are unverified estimates, making ROI projections unreliable
  3. 03MINORThin profit margins: 20.7% net margin leaves little room for error; 6% royalty ($23,951 avg annual) plus operating costs create vulnerability to economic downturns
  4. 04MINORHigh entry cost relative to returns: $187,800-$419,900 investment against $82,637 avg net income yields 2-4 year payback with execution risk
  5. 05MINORCommoditized service model: Low-cost haircut category faces Amazon-style disruption (mail-in clipper kits, DIY trends, budget competitors)

Severity inferred from the FDD text · not a regulatory classification

FDD Items 5, 6, 12, 17 · continued from Risk & Legal

Contract & Territory Detail

Territory
Radius
Protected territory
Yes
Initial term
10 years
Renewal term
10 years
Online sales rights
Restricted
Franchisor can compete
Yes
Hire a manager?
Allowed
Litigation count
0
Right of first refusal
Yes
Franchisor can buy back on resale
Mandatory arbitration
Yes
Jury trial waiver
Yes
Non-compete
1 yrs
Post-termination restriction
Owner-operator
Required

Item 11

Training & Operations

Classroom training
49 hrs
On-the-job training
13 hrs
POS system
Styleware
Operating tech stack

Item 20

Franchisee Contacts

Phone numbers extracted directly from this brand's FDD Item 20. After purchase, you'll also receive a list of validation questions tailored to this brand.

Franchisee contacts

63 numbers

Locked
(608) 678-••••
WI
(304) 489-••••
WV
(262) 522-••••
WI

One-time purchase · CSV download · Validation questions included

FDD download

Great Clips · FDD (2025) PDF

Single-page checkout · instant download · CSV export of contacts available separately above